Chief Executive at Riddell Sports Quits

Published: June 26, 2001

Riddell Sports, the biggest operator of cheerleading and dance-team training camps and clinics, said its chief executive, David Mauer, had resigned now that the sale of the company's athletic-equipment unit was completed.

Jeff Webb, chief operating officer and president of the remaining unit of the company, Varsity Spirit, will become president and chief executive, the company said in a news release. Riddell will move its headquarters to Memphis from New York and will be renamed Varsity Brands Inc.

Mr. Mauer joined the company as chief executive in 1993. He said in the statement he would ''move on to the next challenge'' now that the company no longer needed active management in New York. Company officials did not immediately return calls seeking comment.

Riddell sold its Team Sports business to Lincolnshire Management Inc. for $61 million in cash. Team Sports includes Riddell's licensing business, which allows other companies to market products using the Riddell and MacGregor trademarks.